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Thursday, 8 June 2017

The global market for fuel dispensers is defined on
the basis of the rivalry between Wayne Fueling Systems LLC, Tokheim
Group S.A.S, Zhejiang Lanfeng Machine Co. Ltd., and Gilbarco Inc.,
states a new study by Transparency Market Research (TMR). In 2015,
these companies, together, held a share of more than 58% in the
overall market.

The local manufacturers of fuel dispensers with
integrated operations have competitive advantages, thanks to the easy
access to low-cost raw materials and protection from volatility in
their prices. The increasing focus of the leading players in regional
markets is expected to intensify the competition within this market
over the forthcoming years, notes the study.t.

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overview of the Fuel Dispensers market. Browse through 24 data tables
and 70 figures to unlock the hidden opportunities in this market@

According to the research report, the global market
for fuel dispensers offered an opportunity worth US$1.83 bn in 2015.
Advancing at a CAGR of 2.40% over the period from 2016 to 2024, the
market is anticipated to touch US$2.26 bn by the end of the period of
the forecast. The market is estimated to cross 295,521 shipment units
in terms of volume over the same period of time. Hitherto, electronic
flow meters have enjoyed a higher demand than the mechanical ones.
Thanks to their accuracy, stability, and reliability, the scenario is
likely to remain same over the forthcoming years.

Europe, North America, Latin America, the Middle East
and Africa, Asia Pacific have been considered as the key regional
markets for fuel dispensers across the world in this research report,
which also presents a regional analysis of them. As per the study,
the market was led by Asia Pacific in 2015 with a share of more than
45%. The rise in urbanization and the infrastructural developments
have been the key driving forces behind this significant surge in the
Asia Pacific market for fuel dispensers. China emerged as the leading
domestic market in Asia Pacific in 2015 and is expected to retain its
position, owing to it being the most prominent producer as well as
consumer of fuel dispensers in the world.

The bolstering population and the rising trend of
vehicle ownership are anticipated to fuel the demand for fuel
dispensers in China significantly, leading to a noticeable growth in
the Asia Pacific fuel dispensers market in the near future. Apart
from this, India and the ASEAN countries are also projected to offer
lucrative growth opportunities to fuel dispenser manufacturers in
this region over the forthcoming years, aiding the market further.
The markets in North America, Europe, and other regions are also
expected to witness stable growth in the years to come, states the
research report.

Increasing Number of Vehicles to Reflect
Positively on Demand for Fuel Dispensers

“The increasing need for various types of fuels,
such as petrol, diesel, and CNG is expected to boost the demand for
fuel dispensers across the world,” says a TMR analyst. The
significant upswing in the number of vehicles on road, boosted by the
surge in the disposable income of consumers, resulting in the
changing standard of their living, has driven the requirement for
fuels, reflecting greatly on the sales of fuel dispensers.

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trends impacting this market@

In addition to this, new discoveries in oil, gas and
other fuels, progress in the shale gas industry, and the
technological advancements in fuel dispensers are anticipated to
stimulate the demand for these dispensers substantially over the
forecast period. However, the increasing uptake of electric vehicles
by consumers in order to control the pollution, may restrict the
market’s growth in the near future, reports the study.

Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.